Dell and Ingram Warn About Technology Demand
Dell and Ingram Micro, two of the biggest computer vendors, warned Tuesday that demand for info technology was weakening, adding to worries that the crisis on Wall Street would hurt corporate and consumer spending.
Neither company mentioned the financial sector, but they were the first major U.S. technology companies to warn investors since Lehman Brothers collapsed, Merrill Lynch was sold and American universal Group said it would need a huge loan to survive.
“When you see these failures on
Dell, the second-largest maker of personal computers behind Hewlett-Packard, said in August that customers were holding back on purchases.
“The company is seeing further softening in global end-user demand in the current quarter,” Dell said Tuesday. Dell added that it expected […]
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